What is the primary purpose of the North American Free Trade Agreement (NAFTA)?

The primary purpose of the North American Free Trade Agreement (NAFTA) is to remove most barriers of trade and investment among the United States, Canada, and Mexico. This agreement was designed to enhance economic cooperation between the three countries, facilitating the flow of goods and services by eliminating tariffs and other trade restrictions. By promoting free trade, NAFTA aimed to increase economic growth, create new jobs, and encourage cross-border investment, ultimately leading to a more integrated North American economy.

This strategic approach to trade emphasizes the benefits of a cooperative economic environment, allowing businesses to operate more effectively across borders and consumers to access a wider variety of products at lower prices. The other choices do not align with the fundamental objectives of NAFTA, which focuses on liberalizing trade rather than hindering it or creating monetary systems.